As I mentioned on the National Journal’s Energy Blog, tax incentives are part of the solution but must be used with many more and different policies if we expect to build a competitive renewable energy industry in the U.S. that can compete with heavily subsidized programs in China, Japan and India. The U.S. needs policy incentives that both pull deployment and demand and push domestic manufacturing.
To all the naysayers who questioned whether energy legislation could pass this year, Senate Majority Leader Harry Reid (D-Nev.) has an answer for them: not so fast. Speaking at the third annual National Clean Energy Summit in Las Vegas on Tuesday, Reid revived hopes that a bill would get through after all, albeit a much smaller one than the House approved last summer, which may even include the resurrection of a national Renewable Electricity Standard (RES).
While Senate Majority Leader Harry Reid’s (D-NV) decision to delay a floor debate and a vote on the RES-less energy bill until the fall is clearly disappointing, it is important to remember that the fight to enact comprehensive climate and energy legislation is far from over.
Earlier this month, Applied Materials CEO and Chairman Mike Splinter (far left) led United States Senator for Colorado Michael Bennet (second from left) among others on a tour that included the company's solar operations as well as its 2MW solar array and R&D solar installation.
Today on the summer solstice — the day the sun shines in the northern hemisphere for the longest period of time all year — Applied Materials kicked-off its series of online conversations via Twitter with Mike Dabbs, Director of Government Affairs at Applied Materials by discussing the impact of comprehensive climate and energy legislation in the U.S.
Although America once led the global race in clean tech innovation and investment, our country has been slipping behind the rest of the world for quite some time. Last year, China surpassed the U.S. in clean energy investment by an almost two-to-one margin, according to a recent report from The Pew Charitable Trusts. The other “Rising Tigers” in Asia are also nipping at our heels. Over the next five years, these countries will out-invest the U.S. in energy technology by at least three-to-one. That’s a scary prospect.
Long term and consistent public policy is the most important catalyst to growing the domestic clean tech industry, argued leaders of government and industry at the RETECH 2010 plenary sessions in Washington, D.C. today. Kicking off this theme was Under Secretary of Energy, Dr. Kristina Johnson, who’s leading the DOE’s research funding efforts to spur investment in solar, wind, biofuels, and other renewable technologies.
Coming on the heels of the State of the Union address, in which the President made the indisputable link between job creation and clean energy, the White House’s announcement on Friday that the Federal Government will reduce its greenhouse gas emissions by 28 percent by 2020 is another encouraging step in the right direction.